TreeHouse Foods (NYSE:THS) Shares Gap Up – What’s Next?

TreeHouse Foods, Inc. (NYSE:THS) shares gapped up prior to trading on Friday . The stock had previously closed at $33.26, but opened at $38.33. TreeHouse Foods shares last traded at $36.77, with a volume of 450,591 shares.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on THS. Consumer Edge lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. StockNews.com downgraded shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Barclays boosted their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Truist Financial cut their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Finally, Stifel Nicolaus boosted their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $35.40.

TreeHouse Foods Stock Down 0.1 %

The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The business’s 50-day moving average price is $34.28 and its 200 day moving average price is $37.20.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The business had revenue of $905.70 million during the quarter, compared to the consensus estimate of $907.71 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. TreeHouse Foods’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. Sell-side analysts forecast that TreeHouse Foods, Inc. will post 1.96 EPS for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of TreeHouse Foods by 456.7% during the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after buying an additional 918 shares in the last quarter. Signaturefd LLC increased its stake in TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after acquiring an additional 296 shares during the last quarter. KBC Group NV raised its position in TreeHouse Foods by 40.9% during the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after purchasing an additional 564 shares in the last quarter. Sterling Capital Management LLC lifted its stake in TreeHouse Foods by 134.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock worth $83,000 after purchasing an additional 1,361 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of TreeHouse Foods by 58.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock worth $142,000 after purchasing an additional 1,508 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

About TreeHouse Foods

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.